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Texas Franchise Tax & Advanced Franchise Tax Workshop - 11/12/24 - Live Replay

lat-seminars

Tax Courses for CPE credit
$199.00 USD
$199.00 USD
Sale State Society Sponsored Course
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November 12, 2024

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Texas Franchise Tax

CPE Credit Hours: 4.0

Program Level: Basic

Program Prerequisite: None

Advanced Preparation: None

Course Presenter: Gordon Martens

Course Time: 8:30 am - 12:00 pm

Location: Live Replay (Online)

This 4-hour course covers the major issues CPAs and tax professionals confront under the Texas franchise tax. We will cover each of the main components of the franchise tax calculation, including revenue, compensation, cost of goods sold, apportionment, and combined reporting.

Learning Objectives

Learn rules for:

  • Revenue exclusions
  • Compensation
  • COGS (Cost of Goods Sold)
  • Apportionment

Understand calculations for:

  • Margin
  • Apportionment
  • Research and development credit


Time Topics Issues
8:30 Franchise Tax Overview
  • Nature of Franchise Tax
  • Nexus and Safe-Harbor for Remote Sellers
  • Passive Entities
  • Reporting Periods
8:50 Calculating Margin
  • Revenue
  • Revenue Exclusions
  • Margin Calculation
  • $1 Million Statutory Subtraction
  • Tax Rate
10:00 Break 10 Minute Break
10:10 Subtractions
  • Compensation
  • COGS
11:00 Apportionment
  • General Apportionment Rules
  • Service Industry Apportionment
  • Transportation Industry Apportionment
  • Net Gains & Losses Apportionment
11:40 Combined Reporting
  • Affiliations Test
  • Unitary Criteria



Advanced Franchise Tax Workshop

CPE Credit Hours: 4.0

Program Level: Advanced

Program Prerequisite: Texas Franchise Tax or 3 years experience preparing franchise tax returns

Advanced Preparation: None

Course Presenter: Jimmy Martens

Course Time: 12:30 pm - 4:00 pm

Location: Live Replay (Online)

Those with a basic understanding of Texas franchise tax law should attend this course to gain in-depth knowledge of Texas franchise tax issues arising in Texas' major industries from an attorney who works on the front lines, trying complex Texas franchise tax cases in court and arguing the related appeals.

Learning Objectives

  • Apply franchise tax rules to numerous industry hypotheticals
  • Understand calculations for margin, apportionment, and research and development credit
  • Identify complex franchise tax issues arising in oil and gas real estate
  • Learn the details of the research credit provisions


Time Topics Issues
12:30 Revenue Exclusion
  • Texas General Contactor Problem
  • Texas Oilfield Operator Problem
1:15 COGS
  • Dallas Integrated Oilfield Services Problem
  • EZ Rentals and Repairs Problem
  • Texas Cabinet Co. Problem
1:40 Compensation Subtraction
  • Smith, Davis & Becker CPAs Problem
1:50 Apportionment
  • Universal Studios Problem
  • Retail Stores Problem
  • Trucking Company Problem
2:25 Break 10 Minute Break
2:35 Management Company Exclusion
  • Apartment Management Company Problem
2:50 Combined reporting
  • Toy Sellers Problem
3:05 Challenging Tax Assessments
  • Bullet Construction Company Problem
3:25 Texas Research Incentives
  • Game Developer Problem
  • Qualified Research Problem Set
3:50 Medical Exclusion
  • Texas Physicians' Clinic Problem





  • NASBA Statement

    LAT Seminars is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority over the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket